Brambles Limited (OTCMKTS:BMBLF) Sees Significant Decrease in Short Interest

Brambles Limited (OTCMKTS:BMBLF) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 564,100 shares, a decline of 12.0% from the January 15th total of 641,100 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 940.2 days.

Brambles Stock Performance

BMBLF stock opened at $11.69 on Friday. The company has a 50 day simple moving average of $12.22 and a 200 day simple moving average of $12.05. Brambles has a 1 year low of $8.90 and a 1 year high of $14.13.

About Brambles

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.